PROPERTY SNAPSHOT 2: What’s affordable in Taman Desa?

•    Taman Desa is an affluent and established neighbourhood. Most of the landed properties were originally developed in the 1970s. The condominiums began to appear in the 1980s, built by developers such as Faber Group, who recognised the potential of Taman Desa’s strategic location.

•    Based on TheEdgeProperty.com’s analysis of transactions, the average transacted price of non-landed homes was RM480 psf in 1Q2015 while the average transacted price per unit was about RM512,000.

•    Most of the properties here fall within the mid to high-end segment. In the 12 months to 1Q2015, 58.7% of secondary transactions fell within the RM300,001–RM700,000 range. In the luxury segment, some 10.9% of transactions were for properties priced above RM1 million.

•    The most expensive project by far is Papillon Desahill Condominium. Completed in 2011, this project is one of the latest additions to the landscape. Typical units here are generously sized, ranging from 1,711 sq ft to 3,681 sq ft.

•    In May 2014, a duplex penthouse unit here was sold for RM2.03 million. The 3,143 sq ft unit was the most expensive unit sold in Taman Desa during the review period.

•    The most affordable projects are the flats led by Sri Lempah Flat (RM88,000) and Pangsapuri Teratak Muhibbah (RM95,000). Within the mass market, buyers would find the older condominiums at Jalan Desa such as Iris Apartment (RM184,000), Danau Murni (RM294,000) and Abadi Indah Apartment (RM312,000) relatively cheaper.

Check out the price trends at Papillon Desahill Condominium here.

The Analytics are based on the data available at the date of publication and may be subject to revision as and when more data becomes available.